The U.S. will announce today whether it will investigate allegations that Mexico unfairly subsidized its sugar exports, a step that may lead to penalties on trade that was valued at $1.1 billion last year.
Foreign aid has long been one of the most unpalatable dishes on the federal plate. Why should U.S. taxpayers give billions of dollars to ungrateful countries that will waste it and whose people don’t like America anyway?
General Motors Co. asked a federal court in California to delay a lawsuit over faulty cars until a bankruptcy judge rules whether such claims can be brought without violating a sale order in its 2009 Chapter 11 case.
U.K. Culture Secretary Maria Miller resigned from the cabinet after six days of pressure from the media, the opposition and members of her own Conservative Party over her handling of an expenses probe.
Lehman Brothers Holdings Inc.’s creditors are set to receive about $17.9 billion next month in the fifth such distribution since the company filed the biggest U.S. bankruptcy at the peak of the financial crisis.